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Bank, Fintech Groups Say FDIC Should Ice 'Hot Money' Plan

By Jon Hill (August 22, 2024, 4:03 PM EDT) -- A broad coalition of bank and fintech trade groups has called for the Federal Deposit Insurance Corp. to back off from a recently proposed revamp of its rules on "hot money," or brokered deposits, arguing the plan was put forward "without sufficient or transparent data or robust policy rationale."...

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